haku: @indexterm Accounting standards / yhteensä: 876
viite: 213 / 876
| Tekijä: | |
| Otsikko: | Profit measurement and UK accounting standards: A case of increasing disharmony in relation to US GAAP and IASs |
| Lehti: | Accounting and Business Research
1998 : VOL. 28:3, p. 189-208 |
| Asiasana: | ACCOUNTING STANDARDS MEASUREMENT COMPANIES PROFIT UNITED KINGDOM USA |
| Kieli: | eng |
| Tiivistelmä: | UK accounting practice differs from International Accounting Standards (IASs) particularly with regard to amortisation of goodwill, provision for deferred taxation and the accounting treatment of pension costs. Under the core standards programme of the IASC, the IASs have got closer to U.S. practice. The paper evaluates the profit of those UK companies reporting to the Securities and Exchange Commission (or SEC) in 1988 and 1994. An increasing gap was found btw. the reported profit under UK accounting principles and that restated under U.S. GAAP. The difference lay most frequently in accounting for goodwill, provision for deferred tax, and the accounting treatment of pension costs, with accounting for goodwill showing a particularly significant impact in 1994. |
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